FRANKLIN COVEY CO

Listed Company

FCCIK 0000886206NYSEAcceleratedServices-Management ServicesUtahFY ends Aug 31

Period

FY 2025

Revenue

$267.07M

Net Income

$3.07M

Total Assets

$242.91M

Equity

$66.91M

Shares Out

11.27M

Op. Cash Flow

$28.98M

Business

FRANKLIN COVEY CO provides organizational performance improvement services focused on enabling behavioral change in individuals and teams to achieve measurable results. It offers research-backed content, subscription-based access to proprietary curricula, implementation tools, assessments, consulting, coaching, and digital delivery including an AI Coach and the Leader in Me online service. The company operates through two primary divisions — an Enterprise Division serving corporations, governments, and not-for-profits and an Education Division delivering the Leader in Me membership for schools. Its solutions are delivered globally via direct offices, wholly owned subsidiaries, and independent licensee partners across numerous countries.

Summary from filing dated 2025-11-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Revenue	267	287	281	263	224
Cost of revenue	63	66	67	61	51
Gross profit	204	221	213	202	173
Selling, general, and administrative	183	176	178	168	154
Restructuring costs	7	3	565,000	—	2
Impaired asset	—	928,000	—	—	—
Depreciation	4	4	4	5	6
Amortization	4	4	4	5	5
Income from operations	6	33	26	24	8
Interest income	928,000	1	1	65,000	73,000
Interest expense	−565,000	−1	−2	−2	−2
Income before income taxes	6	33	26	22	6
Income tax provision	−3	−10	−8	−4	8
Net income	3	23	18	18	14
Basic (per share)	0.24	1.78	1.3	1.3	0.97
Diluted (per share)	0.24	1.74	1.24	1.27	0.96
Basic (shares)	13	13	14	14	14
Diluted (shares)	13	13	14	15	14
Foreign currency translation adjustments, net of income tax provision of $(21), $(11), and $(80)	−264,000	219,000	−445,000	−1	68,000
Comprehensive income	3	24	17	17	14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Cash and cash equivalents	32	49	38	61	47
Accounts receivable, less allowance for credit losses of $2,929 and $3,015	68	86	82	73	71
Inventories	5	4	4	4	2
Prepaid expenses	5	5	4	5	3
Other current assets	19	16	16	15	13
Total current assets	129	160	145	156	137
Property and equipment, net	14	9	10	10	12
Intangible assets, net	35	38	41	45	50
Goodwill	31	31	31	31	31
Deferred income tax assets	231,000	870,000	2	5	5
Other long-term assets	33	23	17	13	15
Total assets	243	262	246	259	250
Current portion of notes payable	823,000	835,000	6	6	6
Current portion of financing obligation	—	3	4	3	3
Accounts payable	9	8	7	11	7
Deferred subscription revenue	107	101	95	86	75
Customer deposits	16	17	12	—	—
Accrued liabilities	25	32	28	34	35
Total current liabilities	157	162	152	154	137
Notes payable, less current portion	—	775,000	2	7	13
Financing obligation, less current portion	—	1	4	8	11
Other liabilities	15	11	8	7	9
Deferred income tax liabilities	4	3	2	199,000	375,000
Total liabilities	176	178	167	176	170
Commitments and contingencies (Note 9)	—	—	—	—	—
Common stock, $0.05 par value; 40,000 shares authorized, 27,056 shares issued	1	1	1	1	1
Additional paid-in capital	230	232	232	220	215
Retained earnings	126	123	100	82	64
Accumulated other comprehensive loss	−1	−768,000	−987,000	−542,000	709,000
Treasury stock at cost, 14,565 shares and 14,084 shares	−290	−272	−254	−220	−201
Total shareholders equity	67	83	79	83	80
Total liabilities and shareholders' equity	243	262	246	259	250

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Depreciation and amortization	8	8	9	10	11
Amortization of capitalized curriculum development costs	4	3	3	3	3
Deferred income taxes	1	2	5	121,000	−10
Stock-based compensation expense	6	10	13	8	9
Change in the fair value of contingent consideration liabilities	—	—	7,000	68,000	193,000
Amortization of right-of-use operating lease assets	610,000	760,000	834,000	913,000	1
Decrease (increase) in accounts receivable, net	17	−4	−9	−2	−14
Decrease (increase) in inventories	−1	228,000	−692,000	−1	463,000
Increase in prepaid expenses and other assets	−1	−1	−88,000	−3	−880,000
Increase (decrease) in accounts payable and accrued liabilities	−6	403,000	−10	4	14
Increase in deferred revenue and customer deposits	3	13	9	14	20
Increase (decrease) in income taxes payable/receivable	−6	3	−195,000	138,000	273,000
Decrease in other liabilities	−1	−554,000	−687,000	−2	−2
Net cash provided by operating activities	29	60	36	52	46
Purchases of property and equipment	−8	−4	−5	−3	−2
Capitalized curriculum development costs	−8	−7	−9	−2	−3
Acquisition of license/content rights	−1	−750,000	—	—	—
Net cash used for investing activities	−17	−11	−14	−5	−14
Proceeds from term notes payable financing	—	—	8	—	—
Principal payments on notes payable	−835,000	−6	−13	−6	−5
Principal payments on financing obligation	−3	−4	−3	−3	−3
Purchases of common stock for treasury	−26	−31	−36	−24	−3
Payment of contingent consideration liabilities	—	—	−736,000	−1	−2
Cash paid for new secured credit agreement	—	—	−393,000	—	—
Proceeds from sales of common stock held in treasury	2	1	2	1	1
Net cash used for financing activities	−29	−39	−44	−33	−11
Effect of foreign currency exchange rates on cash and cash equivalents	−273,000	141,000	−296,000	−1	−103,000
Net increase (decrease) in cash and cash equivalents	−17	10	−22	13	20
Cash paid for income taxes	8	4	3	3	2
Cash paid for interest	496,000	1	2	2	2
Acquisition of property and equipment and capitalized curriculum financed by accounts payable and accrued liabilities	3	1	548,000	529,000	—
Consideration for reacquired license rights from liabilities of seller	168,000	—	—	—	—
Acquisition of content rights financed by accounts payable and other liabilities	678,000	750,000	—	—	—

Filings

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